Ripple Partners with Clearpool and Cicada Partners to Launch RLUSD Institutional Credit Fund

Ripple announced a partnership with lending platform Clearpool and credit management firm Cicada Partners to launch an institutional credit fund that will provide working capital loans to fintech and payment companies on the XRP Ledger in the form of the RLUSD stablecoin.

Cicada will handle borrower screening, loan term setting, and credit risk monitoring; Clearpool will build the infrastructure for loan pool creation and management; Ripple will participate as a limited partner, on the same terms as other institutional investors. The fund size and Ripple's specific investment amount have not been disclosed.

[TechFlow]